GUD Holdings (GUD)

Shares in home appliances maker
GUD Holdings
have shed more than 3 per cent this week to trade around $8.24 on Wednesday. The stock has jumped to between $8.90 and $8.10 in the past six months but went down on Wednesday after releasing its half-yearly report and accounts, which showed its sales dropped 15 per cent to $100 million for the half-year to December. It is expecting continued pressure in the second half after its consumer products division reported its underlying earnings before interest and tax dropped 38 per cent to $11.9 million. GUD attributed the decline in sales to increased competition from cheaper and overseas brands and the collapse of Retravision, which compelled it to adjust pricing for its Sunbeam products. The company is pursuing cost-cutting, product development reviews and alliances in offshore markets to boost revenue, but analysts like Moelis & Company have maintained its “sell" recommendation.